Japanese Fryday- Economic Data From Japan Indicates Global Disaster Was Not Bullish After All; Tokyo Must Operate With 15% Less Power; Surprise! Business Sentiment Plummets; Fukushima Still Smoking Like a Cigar; ISM New Orders Plummet; Entire Ecosystems Threatened As Drought Plagues Georgia; Much More

Main ArticleWell, that was fast. It only took nearly 4 months for Wall Street's best analysts to determine that Fukushima was not bullish for the global economy after all. Actually, that statement is incorrect. They still think it is bullish - especially Joe LaVorgna, who's permabullish attitude has sealed his future as the worst economist on Wall Street.

As Portugal likes to say, our bonds will be better some day. Speaking of which, Portugal has now followed exactly in the same steps as Greece. In other words, it went from insolvent to, insolvent and enslavement. Ten year is yielding a comical 11.61%.

Need more bullish news? How about radioactive emails that leaked from England that show the British gov’t worked with nuke companies on PR campaign to downplay Fukushima. As Energy News says, the degree of collusion "is truly shocking.” Somehow, we're not surprised.

Since we have no inflation in this country or anywhere else around the world where people eat and drive cars, no need to worry about the bullish drought in Georgia, which is now spreading to peach farms. How's that price working out for your peaches?

While all of the MSM outlets claim the ISM report is bullish, we present to you the only piece of information that matters - the New Orders Minus Inventory which shows clearly, the economy is slowing down. Somehow, Wall Street economists overlook that little detail and jump right to the composite index which signifies the growth came from growing inventories.

Speaking of inventories, GM is doing a fine job at stuffing dealer lots with an all time high amount of 605,000 vehicles. Of course, they are simply waiting for the super bullish second half of the year which Justin Bieber has confirmed and promised is coming. That should help to push depreciating and rusting GM vehicles off these grass filled lots in record time. Only one year's worth. He apologizes that the past 8 halves were not bullish as he said it would be. There's always another half, and that one will be bullish.